Dear customer, starting 20-oct-22, all transactions on your icici bank credit card towards rent payment will be charged a 1% fee.

I'm unable to send/receive money thru upi in phonepe, gpay, Paytm and on imobile app as well. I reached out to customer care and they say nothing wrong with upi on my account. I reached out to my bank manager, relationship manager as well but no use. It says for security reasons UPI transactions are blocked on this account. Please contact the bank. My registered mobile number is [protected] Related ICICI Bank reviews [Resolved] ICICI Bank India - Duplicate deduction of Rs 13800 for same bill 7 [Resolved] ICICIcredit Card - Blocking of the bank saving bank account even after paying the dues of the credit card. Resulting in bouncing of a cheque 2 [Resolved] ICICI Bank - Worst service, No Problem - Please do not harass customers 1 [Resolved] ICICI Bank Limited - Regarding increase of EMI on home loan without prior intimation 2 [Resolved] ICICI - dehon 1 I'm unable to send/receive money thru upi in phonepe, gpay, Paytm and on imobile app as well. I reached out to customer care and they say nothing wrong with upi on my account. I reached out to my bank manager, relationship manager as well but no use. It says for security reasons UPI transactions are blocked on this account. Please contact the bank.

Private sector lender, ICICI Bank, has been sending notifications to its credit card users that the bank will soon start charging charge 1 per cent fee for paying rent via credit cards. The domestic lender is informing its customers through an SMS, which reads: “Dear Customer, starting 20-Oct-22, all transactions on your ICICI Bank Credit Card towards rent payment will be charged a 1% fee.” It should also be noted that no bank nor credit card company was levying a such fee on such transactions and ICICI bank is the first to introduce a fee on rent payments made through its credit cards. However, others are also expected to follow the trend soon. Even though ICICI Bank has still not revealed the reason for the fee being charged, it is likely to curb the misuse of rent payments for credit rotation. Who will be impacted? Tenants who use credit cards to pay rent via credit cards through platforms like Cred, Paytm Mygate, RedGiraffe and Magicbricks are likely to be impacted. Platforms facilitating such transactions usually charge a convenience fee on each transaction. Since the merchant in the rent payment feature is the landlord, who would not pay a fee for receiving rent, these platforms charge users paying rent in the form of a transaction fee. The ICICI Bank’s 1 per cent rent fee charge will be in addition to the transaction fee that online platforms impose. In addition to this, the ICICI Bank, in a blog on its official website, also shared an article explaining why o...

Hi Received sms from ICICI bank stating below. Dear Customer, numerous transactions have been carried out in your ICICI Bank Savings Account XX towards business activities, which are not in accordance with the purposes of a Savings Account. Such high value transactions are usually carried out through Current Accounts. Carry out such transactions by opening a Current Account at any ICICI Bank Branch or digitally by visiting Is account will be closed automatically after 30days . what action need to be taken from my side. Please suggest Core reason: High number of credit transaction is the main culprit. However have received these notices, please check your last few monthly statements. I'm sure you'd be having more than 10-15 credit transactions. Debit txns, even if 100 in a month, won't trigger such action. Why this happens? It is a govt/RBI instruction, been there for years now. I do not remember what was exactly there, but there is infact an instruction which says something like banks need to proactively check account transaction behavior and accounts with high txn number need to be classified correctly as business/current accounts. This is probably because it is commonly believed that number of credit transactions in a salaried or regular savings account would not exceed 8-10 txns in a month! Only business people including retailers or commission agents etc would have higher number of incoming txns than this. Why is it necessary? It is because current accounts are routine...

ICICI Bank is informing its customers through an SMS, which reads: “Dear Customer, starting 20-Oct-22, all transactions on your ICICI Bank Credit Card towards rent payment will be charged a 1% fee.” The domestic lender is informing its customers through an SMS, which reads: “Dear Customer, starting 20-Oct-22, all transactions on your ICI.. Indian Sharemarket Updates Nifty50 Constituents: Which stocks are driving the #Nifty down and by how many points. [Automated 5-Apr 12:40 PM] -10.59 : RELIANCE -3.82 : ICICIBANK -3.58 : SBIN -2.84 : AXISBANK -2.25 : EICHERMOT Data: niftyindices[dot]com #Nifty50 #StockMarketIndia 05/04/2023 12:40:16 PM Share: 🅽🅸🆁🅼🅰🅻🅺🆄🅼🅰🆁 Earnings calender: #TCS - 12 april #infosys - 13 april #Hdfc bank - 15 april Angelone - 17 april #hcltech - 20 April Icici Pru - 20 April #Icici bank - 22 April Hdfc amc - 26 April #Ultratech cement - 28 April Idfc first bank - 29 April #Asian paints - 11 may 04/04/2023 12:20:42 PM Share:

Private sector lender, ICICI Bank, has been sending notifications to its credit card users that the bank will soon start charging charge 1 per cent fee for paying rent via credit cards. The domestic lender is informing its customers through an SMS, which reads: “Dear Customer, starting 20-Oct-22, all transactions on your ICICI Bank Credit Card towards rent payment will be charged a 1% fee.” It should also be noted that no bank nor credit card company was levying a such fee on such transactions and ICICI bank is the first to introduce a fee on rent payments made through its credit cards. However, others are also expected to follow the trend soon. Even though ICICI Bank has still not revealed the reason for the fee being charged, it is likely to curb the misuse of rent payments for credit rotation. Who will be impacted? Tenants who use credit cards to pay rent via credit cards through platforms like Cred, Paytm Mygate, RedGiraffe and Magicbricks are likely to be impacted. Platforms facilitating such transactions usually charge a convenience fee on each transaction. Since the merchant in the rent payment feature is the landlord, who would not pay a fee for receiving rent, these platforms charge users paying rent in the form of a transaction fee. The ICICI Bank’s 1 per cent rent fee charge will be in addition to the transaction fee that online platforms impose. In addition to this, the ICICI Bank, in a blog on its official website, also shared an article explaining why o...

ICICI Bank is informing its customers through an SMS, which reads: “Dear Customer, starting 20-Oct-22, all transactions on your ICICI Bank Credit Card towards rent payment will be charged a 1% fee.” The domestic lender is informing its customers through an SMS, which reads: “Dear Customer, starting 20-Oct-22, all transactions on your ICI.. Indian Sharemarket Updates Nifty50 Constituents: Which stocks are driving the #Nifty down and by how many points. [Automated 5-Apr 12:40 PM] -10.59 : RELIANCE -3.82 : ICICIBANK -3.58 : SBIN -2.84 : AXISBANK -2.25 : EICHERMOT Data: niftyindices[dot]com #Nifty50 #StockMarketIndia 05/04/2023 12:40:16 PM Share: 🅽🅸🆁🅼🅰🅻🅺🆄🅼🅰🆁 Earnings calender: #TCS - 12 april #infosys - 13 april #Hdfc bank - 15 april Angelone - 17 april #hcltech - 20 April Icici Pru - 20 April #Icici bank - 22 April Hdfc amc - 26 April #Ultratech cement - 28 April Idfc first bank - 29 April #Asian paints - 11 may 04/04/2023 12:20:42 PM Share:

Hi Received sms from ICICI bank stating below. Dear Customer, numerous transactions have been carried out in your ICICI Bank Savings Account XX towards business activities, which are not in accordance with the purposes of a Savings Account. Such high value transactions are usually carried out through Current Accounts. Carry out such transactions by opening a Current Account at any ICICI Bank Branch or digitally by visiting Is account will be closed automatically after 30days . what action need to be taken from my side. Please suggest Core reason: High number of credit transaction is the main culprit. However have received these notices, please check your last few monthly statements. I'm sure you'd be having more than 10-15 credit transactions. Debit txns, even if 100 in a month, won't trigger such action. Why this happens? It is a govt/RBI instruction, been there for years now. I do not remember what was exactly there, but there is infact an instruction which says something like banks need to proactively check account transaction behavior and accounts with high txn number need to be classified correctly as business/current accounts. This is probably because it is commonly believed that number of credit transactions in a salaried or regular savings account would not exceed 8-10 txns in a month! Only business people including retailers or commission agents etc would have higher number of incoming txns than this. Why is it necessary? It is because current accounts are routine...

I'm unable to send/receive money thru upi in phonepe, gpay, Paytm and on imobile app as well. I reached out to customer care and they say nothing wrong with upi on my account. I reached out to my bank manager, relationship manager as well but no use. It says for security reasons UPI transactions are blocked on this account. Please contact the bank. My registered mobile number is [protected] Related ICICI Bank reviews [Resolved] ICICI Bank India - Duplicate deduction of Rs 13800 for same bill 7 [Resolved] ICICIcredit Card - Blocking of the bank saving bank account even after paying the dues of the credit card. Resulting in bouncing of a cheque 2 [Resolved] ICICI Bank - Worst service, No Problem - Please do not harass customers 1 [Resolved] ICICI Bank Limited - Regarding increase of EMI on home loan without prior intimation 2 [Resolved] ICICI - dehon 1 I'm unable to send/receive money thru upi in phonepe, gpay, Paytm and on imobile app as well. I reached out to customer care and they say nothing wrong with upi on my account. I reached out to my bank manager, relationship manager as well but no use. It says for security reasons UPI transactions are blocked on this account. Please contact the bank.

ICICI Bank is informing its customers through an SMS, which reads: “Dear Customer, starting 20-Oct-22, all transactions on your ICICI Bank Credit Card towards rent payment will be charged a 1% fee.” The domestic lender is informing its customers through an SMS, which reads: “Dear Customer, starting 20-Oct-22, all transactions on your ICI.. Indian Sharemarket Updates Nifty50 Constituents: Which stocks are driving the #Nifty down and by how many points. [Automated 5-Apr 12:40 PM] -10.59 : RELIANCE -3.82 : ICICIBANK -3.58 : SBIN -2.84 : AXISBANK -2.25 : EICHERMOT Data: niftyindices[dot]com #Nifty50 #StockMarketIndia 05/04/2023 12:40:16 PM Share: 🅽🅸🆁🅼🅰🅻🅺🆄🅼🅰🆁 Earnings calender: #TCS - 12 april #infosys - 13 april #Hdfc bank - 15 april Angelone - 17 april #hcltech - 20 April Icici Pru - 20 April #Icici bank - 22 April Hdfc amc - 26 April #Ultratech cement - 28 April Idfc first bank - 29 April #Asian paints - 11 may 04/04/2023 12:20:42 PM Share:

Private sector lender, ICICI Bank, has been sending notifications to its credit card users that the bank will soon start charging charge 1 per cent fee for paying rent via credit cards. The domestic lender is informing its customers through an SMS, which reads: “Dear Customer, starting 20-Oct-22, all transactions on your ICICI Bank Credit Card towards rent payment will be charged a 1% fee.” It should also be noted that no bank nor credit card company was levying a such fee on such transactions and ICICI bank is the first to introduce a fee on rent payments made through its credit cards. However, others are also expected to follow the trend soon. Even though ICICI Bank has still not revealed the reason for the fee being charged, it is likely to curb the misuse of rent payments for credit rotation. Who will be impacted? Tenants who use credit cards to pay rent via credit cards through platforms like Cred, Paytm Mygate, RedGiraffe and Magicbricks are likely to be impacted. Platforms facilitating such transactions usually charge a convenience fee on each transaction. Since the merchant in the rent payment feature is the landlord, who would not pay a fee for receiving rent, these platforms charge users paying rent in the form of a transaction fee. The ICICI Bank’s 1 per cent rent fee charge will be in addition to the transaction fee that online platforms impose. In addition to this, the ICICI Bank, in a blog on its official website, also shared an article explaining why o...